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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Data | 19. Quarterly Financial Data Unaudited (In millions, except per share amounts)
2014 |  | 1st |  |  | 2nd |  |  | 3rd |  |  | 4th |  |  | Full Year |
Net sales |  | $ | 889.1 |  |  | $ | 1,027.2 |  |  | $ | 1,057.7 |  |  | $ | 1,039.6 |  |  | $ | 4,013.6 |
Gross profit |  |  | 295.3 |  |  |  | 361.8 |  |  |  | 368.0 |  |  |  | 341.8 |  |  |  | 1,366.9 |
Operating income |  |  | 69.3 |  |  |  | 125.5 |  |  |  | 129.5 |  |  |  | 79.2 |  |  |  | 403.5 |
Net income from continuing operations |  |  | 46.3 |  |  |  | 86.3 |  |  |  | 84.5 |  |  |  | 56.5 |  |  |  | 273.6 |
Net (loss) income from discontinued operations |  |  | (5.1 | ) |  |  | 7.3 |  |  |  | (105.4 | ) |  |  | (11.1 | ) |  |  | (114.3 | )
Net income (loss) |  |  | 41.2 |  |  |  | 93.6 |  |  |  | (20.9 | ) |  |  | 45.4 |  |  |  | 159.3 |
Net income (loss) attributable to Fortune Brands |  |  | 40.8 |  |  |  | 93.3 |  |  |  | (21.1 | ) |  |  | 45.1 |  |  |  | 158.1 |
Basic earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.28 |  |  |  | 0.52 |  |  |  | 0.53 |  |  |  | 0.36 |  |  |  | 1.68 |
Discontinued operations |  |  | (0.03 | ) |  |  | 0.05 |  |  |  | (0.66 | ) |  |  | (0.07 | ) |  |  | (0.70 | )
Net income (loss) attributable to Fortune Brands |  |  | 0.25 |  |  |  | 0.57 |  |  |  | (0.13 | ) |  |  | 0.29 |  |  |  | 0.98 |
Diluted earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.27 |  |  |  | 0.51 |  |  |  | 0.52 |  |  |  | 0.35 |  |  |  | 1.64 |
Discontinued operations |  |  | (0.03 | ) |  |  | 0.04 |  |  |  | (0.65 | ) |  |  | (0.07 | ) |  |  | (0.69 | )
Net income (loss) attributable to Fortune Brands |  |  | 0.24 |  |  |  | 0.55 |  |  |  | (0.13 | ) |  |  | 0.28 |  |  |  | 0.95 |
2013 |  | 1st |  |  | 2nd |  |  | 3rd |  |  | 4th |  |  | Full Year |
Net sales |  | $ | 813.3 |  |  | $ | 922.1 |  |  | $ | 1,003.6 |  |  | $ | 964.6 |  |  | $ | 3,703.6 |
Gross profit |  |  | 275.1 |  |  |  | 337.3 |  |  |  | 348.5 |  |  |  | 334.2 |  |  |  | 1,295.1 |
Operating income |  |  | 57.2 |  |  |  | 94.6 |  |  |  | 89.3 |  |  |  | 81.9 |  |  |  | 323.0 |
Net income from continuing operations |  |  | 38.4 |  |  |  | 56.8 |  |  |  | 59.0 |  |  |  | 54.8 |  |  |  | 209.0 |
Net income from discontinued operations |  |  | (0.9 | ) |  |  | 7.4 |  |  |  | 5.6 |  |  |  | 9.8 |  |  |  | 21.9 |
Net income |  |  | 37.5 |  |  |  | 64.2 |  |  |  | 64.6 |  |  |  | 64.6 |  |  |  | 230.9 |
Net income attributable to Fortune Brands |  |  | 37.3 |  |  |  | 64.0 |  |  |  | 64.2 |  |  |  | 64.2 |  |  |  | 229.7 |
Basic earnings per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.23 |  |  |  | 0.34 |  |  |  | 0.35 |  |  |  | 0.33 |  |  |  | 1.26 |
Discontinued operations |  |  | — |  |  |  | 0.05 |  |  |  | 0.04 |  |  |  | 0.06 |  |  |  | 0.13 |
Net income attributable to Fortune Brands |  |  | 0.23 |  |  |  | 0.39 |  |  |  | 0.39 |  |  |  | 0.39 |  |  |  | 1.39 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.22 |  |  |  | 0.33 |  |  |  | 0.34 |  |  |  | 0.32 |  |  |  | 1.34 |
Discontinued operations |  |  | — |  |  |  | 0.04 |  |  |  | 0.03 |  |  |  | 0.05 |  |  |  | 0.13 |
Net income attributable to Fortune Brands |  |  | 0.22 |  |  |  | 0.37 |  |  |  | 0.37 |  |  |  | 0.37 |  |  |  | 1.34 |
In 2014, we recorded pre-tax defined benefit plan actuarial losses of $13.7 million — $0.6 million ($0.4 million after tax or zero per diluted share) in the first quarter, $1.1 million ($0.7 million after tax or $0.01 million per diluted share) in the third quarter, and a $12.0 million ($7.6 million after tax or $0.04 per diluted share) in the fourth quarter. In 2013, we recorded pre-tax asset impairment charges in our Cabinets segment of $21.2 million ($13.8 million after tax or $0.08 per diluted share) associated with the abandonment of certain internal use software. We recorded pre-tax defined benefit plan actuarial losses of $5.2 million — $4.6 million ($3.1 million after tax or $0.02 per diluted share) in the first quarter, $0.7 million ($0.4 million after tax or zero per diluted share) in the second quarter, $0.3 million ($0.2 million after tax or zero per diluted share) in the third quarter and a gain of $0.4 million ($0.4 million after tax or zero per diluted share) in the fourth quarter.

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